Royal Bank Of Canada Reaffirms Outperform Rating for Endeavour Mining (LON:EDV)

Key Points

• Endeavour Mining has received an "outperform" rating from the Royal Bank of Canada, with a price target set at GBX 3,000, suggesting a potential upside of 28.87% from its previous close.
• Berenberg Bank also reissued a "buy" rating for Endeavour Mining, with a higher target price of GBX 3,300, indicating strong confidence in the company's future performance.
• Currently, Endeavour Mining's shares are trading at GBX 2,328, with a market capitalization of £7.04 billion and a 52-week range between GBX 1,387 and GBX 2,437.

Royal Bank Of Canada reissued their outperform rating on shares of Endeavour Mining (LON:EDV - Free Report) in a research report released on Friday morning, Marketbeat reports. The firm currently has a GBX 3,000 ($39.87) price objective on the stock.

Separately, Berenberg Bank reissued a "buy" rating and issued a GBX 3,300 ($43.86) price target on shares of Endeavour Mining in a report on Thursday, July 31st.

Endeavour Mining Stock Up 0.7%

LON:EDV traded up GBX 16 ($0.21) during mid-day trading on Friday, reaching GBX 2,444 ($32.48). 367,488 shares of the stock were exchanged, compared to its average volume of 1,160,977. The company has a 50 day simple moving average of GBX 2,280.77 and a 200-day simple moving average of GBX 1,986.77. The stock has a market capitalization of £7.40 billion, a P/E ratio of -21.68 and a beta of 0.92. Endeavour Mining has a 1 year low of GBX 1,387 ($18.43) and a 1 year high of GBX 2,452 ($32.59).

Endeavour Mining Company Profile

Endeavour is one of the world's senior gold producers and the largest in West Africa, with operating assets across Senegal, Cote d'Ivoire and Burkina Faso and a strong portfolio of advanced development projects and exploration assets in the highly prospective Birimian Greenstone Belt across West Africa. A member of the World Gold Council, Endeavour is committed to the principles of responsible mining and delivering sustainable value to its employees, stakeholders and the communities where it operates.